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via CoinDesk · By CoinDesk Staff
Bitcoin's record holder supply hides a buyer drought, CryptoQuant says
BTC
BTC/USDT
$64,543.05
+0.94%
$64,543.05
+0.94%
(24s)24h Volume
$4,296,440,435.41
24h H/L
$64,599.95 / $63,937.73
Change: $662.22 (1.04%)
Long/Short
65.3%
Long: 65.3%Short: 34.7%
Funding Rate
+0.0035%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(04:23 AM UTC)
1 min read
748 views
0 commentsA record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds.
Bitcoin traded around $73,500 Friday morning Hong Kong time, according to CoinDesk market data, roughly 10% below the low-$80,000 levels reached earlier this month, as new data from CryptoQuant…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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